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Mr. Edward C. Renwick -3- November 23, 1951 2. Public acceptance of the higher rates would be greatly enh awnacteedr asc oimtpsa nyo paenrda tion would be viewed as more a part of the city. Compa3n.y woDuule d tho avteh e deifsisnuiet eo f fibnonadnsc iaaln d obsltiocgkast,i ontsh e toW-ater meet. These could be used effectively as pointing to earnings and return required. At the present time wi th practically no financial structures, as that is normall y lsoeotktiendg upuopn ,t het heeraer niins g nortehqiunigr emtehnatts coafn bteh e pWoaitnetre d Cotmop ainny . Even on the open account, no interest is paid. the wWahteerre cothmep ansyi tbueactoimoen iexnitsetrsm,i ngilne wd hwiicthh thteh e fpunadrse ntof company, it lays the parent company open to criticism. pIot inits otno lyt hen ec"eisnsnaerr yw ofrokri ntghse" "ocfh atmhpei otno” p ofc omtphea npyu balnidc ittso wcarteeart urceo mptoa nyc reisa teb eiinng tbhel emdi nfdosr otfh e thbee npeufbilti co f thtahte btiheg corporation. If the banking is done locally and all d ol­lars are accounted for and reported to the Commission, tthhiosu ghs itthuea tisoenc uwriiltlie si n arlea rhgee lmde absyu rteh e beU nicolne arPaecdi fuipc,. even with 4f-a. vorT heo n Rethgeu lacthaonrgye ,C omsimnicses ioitn wpillacle sl ooalkl nootp eroantliyo ns under its control, but likewise it will take credit for bringing the change about. In a state where political i nfluenc with the party in control is not to be disregarded, there should be indirect benefits that would follow any such merger. reasonTaheb len ete arrneisnuglst asnhdo uwldi tbhe stehrev iceev entto uatlh e obputbaliinci nga tof minimum costs. pany w5.i ll Dubee iton ai mpbreottveerd paonds itrieaosno ntaoble earnings the com­( a) Finance and raise additional capital through a local public offering. (b) Command a higher price for the properties on sale. and (rc)e ceWivoer k a ourte asa onlaebalsee aignrcoemeem enftr owmi tthhe tpher opceirttyi es if such should be desired.